Short1 - Outline of Lectures E 101 Lectures are mainly...

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1 Outline of Lectures: E 101 (* Lectures are mainly based on our textbook, Krugman’s International Economics: Theory and Policy. Thorough reading of the text in addition to active participation in classes is strongly recommended. This note is just a short list of topics we discuss in class for your reference.) I. Classic Trade Theory 1. The Main Features of Recent Trends of World Trade 1) “Trading between Big, Advanced, and closely located countries accounts for more than 80% of total trade .” (If just recent data after 2000 are considered, that figure will go over 90%.)
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Î Gravity Model: ij j i ij D Y AY T = (where T ij represents Trade volume between country i and j, Y i represents the country (GDP) size of country i , and D ij represents the distance between country i and j . ) 2) “Globalization has accelerated the increasing trends of international trade.
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This note was uploaded on 10/01/2008 for the course ECON 101 taught by Professor Jacobson during the Summer '03 term at UCSD.

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Short1 - Outline of Lectures E 101 Lectures are mainly...

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